India increased petrol prices for the first time in four years, raising them to 97.77 rupees per litre ($1.02) on May 15, 2026, up from 94.77 rupees, aiming to offset losses caused by rising global crude oil prices. The country went on to raise prices further to 98.64 rupees on May 19, 99.51 rupees on May 23, and 102.12 rupees ($1.07) on May 25. As the world’s third-largest oil importer and consumer, India is among the last major economies to raise retail fuel prices, following shipping disruptions in the Strait of Hormuz due to the conflict triggered by US-Israeli strikes on Iran. source: Indian Oil Corporation Ltd.
Gasoline Prices in India averaged 1.08 USD/Liter from 1990 until 2026, reaching an all time high of 1.41 USD/Liter in October of 2021 and a record low of 0.48 USD/Liter in December of 1995. This page provides the latest reported value for - India Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Gasoline Prices - values, historical data and charts - was last updated on May of 2026.
Gasoline Prices in India is expected to be 1.46 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Gasoline Prices is projected to trend around 1.56 USD/Liter in 2027 and 2.08 USD/Liter in 2028, according to our econometric models.